From the Wall Street Journal: Here's some economic logic to ponder. The unemployment rate in June for American teenagers was 24%, for black teens it was 38%, and even White House economists are predicting more job losses. So how about raising the … [Continue reading] about Mandating Unemployment?
Speed Bump: Senate Democrats Delay Action on Obama’s Healthcare & Climate Initiatives
Democrats in the House and Senate handed President Barack Obama a double dose of bad news yesterday when they moved to delay on his top legislative priorities, healthcare and climate change. Senate Environment and Public Works Committee Chairman … [Continue reading] about Speed Bump: Senate Democrats Delay Action on Obama’s Healthcare & Climate Initiatives
About that Alleged CIA ‘Lie’
From the Wall Street Journal: As political spectacles go, one would be hard pressed to find anything as ridiculous as the Washington Romper Room now starring Congressional Democrats and the CIA. If only the consequences weren't potentially so … [Continue reading] about About that Alleged CIA ‘Lie’
United Breaks Guitars
How to turn bad customer service into a public relations disaster: Step 1: Break folk singer Dave Carroll's guitar. Step 2: Give Dave the run around for 9 months before finally telling him to get stuffed. Step 3: Leave Dave so frustrated that … [Continue reading] about United Breaks Guitars
Pelosi v. CIA
From the Wall Street Journal: The last time the CIA and Nancy Pelosi were in the news together, the House Speaker was accusing the agency of lying about its briefings to Congress on the interrogation of al Qaeda detainees. This week, the Speaker's … [Continue reading] about Pelosi v. CIA
Anatomy of a Crisis: The Fannie Mae and Freddie Mac Debacle
Republican members of the House Committee on Oversight and Government Reform have released a report analyzing the role of the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac, in the housing meltdown. You can read the full report … [Continue reading] about Anatomy of a Crisis: The Fannie Mae and Freddie Mac Debacle
Will Obama Push for a Weaker Dollar?
Ugh, this is not good... former Clinton trade official and current member of the Obama administration's economic advisory panel Laura Tyson said in Singapore today that the $787-billion plan Congress passed in February "will have a positive effect, … [Continue reading] about Will Obama Push for a Weaker Dollar?
Independence Day: Happy 233rd America!
In CONGRESS, July 4, 1776. The unanimous Declaration of the thirteen united States of America, When in the course of human Events, it becomes necessary for one People to dissolve the Political Bands which have connected them with another, and to … [Continue reading] about Independence Day: Happy 233rd America!
Breaking: Sarah Palin Resigning as Governor of Alaska
Alaska Governor Sarah Palin announced today that she will resign from office July 26. Palin made the announcement from her home in Wasilla, she was flanked by her husband, Todd, her family and state commissioners. Lt. Gov. Sean Parnell will … [Continue reading] about Breaking: Sarah Palin Resigning as Governor of Alaska
Fiscal Irresponsibility: Congress’s Travel Tab Swells
You would think record budget deficits and the need fiscal restraint would curtail Congressional travel... but you'd be wrong: WASHINGTON -- Spending by lawmakers on taxpayer-financed trips abroad has risen sharply in recent years, a Wall Street … [Continue reading] about Fiscal Irresponsibility: Congress’s Travel Tab Swells
Reminder: Connecticut July 4th Tea Parties
Just a quick reminder that on Independence Day, the Connecticut Tea Party Patriots will hold public rallies in Hartford, Norwich and Stratford to encourage elected officials to exercise fiscal restraint, rein in government growth and support … [Continue reading] about Reminder: Connecticut July 4th Tea Parties
Unemployment Climbs to 9.5 Percent
Unemployment climbed to its highest level in 26 years rising to 9.5 percent in June. All told, 14.7 million people were unemployed in June: WASHINGTON (Reuters) - U.S. employers cut far more jobs than expected last month and the unemployment rate … [Continue reading] about Unemployment Climbs to 9.5 Percent
A Military Coup in Honduras? Not Quite.
As is all to often the case our pop culture obsessed, sound bite focused media is either ignoring or deliberately misreporting the facts of what's happening in Honduras. If you haven't Mary Anastasia O'Grady's column on Honduras in yesterday's … [Continue reading] about A Military Coup in Honduras? Not Quite.
House Passes Cap and Tax Bill 219-212
The House of Representatives passed President Barack Obama's massive Cap and Trade energy tax bill by a vote 219-212 yesterday... 211 Democrats and eight Republicans voted for the bill. WASHINGTON -- Landmark legislation to curb U.S. greenhouse-gas … [Continue reading] about House Passes Cap and Tax Bill 219-212
Barney Frank’s Bad Idea
From the Wall Street Journal: Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to "roll the dice" in the name of affordable housing. That didn't turn out so well, … [Continue reading] about Barney Frank’s Bad Idea